Duncan Riley
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Report: Chinese ridesharing startup Didi Chuxing may go public in 2017
Chinese ridesharing startup Didi Chuxing (formerly Didi Kuaidi) is planning on going public as soon as next year, according to a report Sunday. According to “people familiar with the matter” spoken to by Blooberg, Didi is looking at an initial public offering (IPO) in New York, but the timing of the float will depend on ...
Survey: 45% of households refrain from certain activities online due to security and privacy concerns
The risks of security and privacy breaches are deterring Americans from using certain internet services, a new survey has found. According to the survey of 41,000 people undertaken by the National Telecommunications and Information Administration (NTIA), 45 percent of online households refrain from using at least one activity deemed as presenting a security or privacy ...
Warren Buffett’s Berkshire Hathaway named as backer of bid to acquire Yahoo
Warren Buffett’s Berkshire Hathaway, Inc. is supporting a consortium that has bid to acquire the core assets of Yahoo, Inc., a report claimed at the weekend. According to sources quoted by The New York Times, the Berkshire Hathaway backed consortium is being led by Quicken Loans founder and Cleveland Cavaliers owner Dan Gilbert and is being ...
Swift money transfer network successfully attacked by malware for a second time
The Society for Worldwide Interbank Financial Telecommunication (Swift) revealed Friday that their international money transfer platform had been successfully targeted by hackers again, although provided no further details other than it involved a “commercial bank.” According to The Wall Street Journal, a notice by Swift said the new attack didn’t see its own system breached ...
LOL: Zuckerberg responds to trending topics scandal by claiming Facebook doesn’t censor different views
Facebook Founder and Chief Executive Officer Mark Zuckerberg has spoken publicly for the first time about the scandal surrounding a report that the social networking site’s Trending Topics list was being manipulated with a liberal bias. Zuckerberg naturally took to Facebook itself to make the statement, writing that he believed that Facebook “stands for giving ...
Apple unexpectedly invests $1b in Chinese ridesharing service Didi Chuxing
In an unexpected move, tech giant Apple, Inc. has invested $1 billion in Chinese ridesharing service and Uber, Inc. rival Didi Chuxing (formerly Didi Kuaidi). Apple said they had made the investment in part to better understand how business works in China. “We are making the investment for a number of strategic reasons, including a ...
Mobile-enabled enterprise network security startup Cyber adAPT closes $15m Series A round
Mobile-enabled enterprise network security startup Cyber adAPT, Inc. has closed a $15 million Series A round with an additional $5 million from Black River Investments LLC. Previous investors in the round include Alvin Fund, Fundamental Capital, Granite Point Capital, and Griffin Fund II. Founded in 2014, Cyber adAPT offers a security platform that monitors 100 ...
Human phishing defense solutions startup PhishMe releases new product for small businesses
Human phishing defense solutions startup PhishMe, Inc. has today announced the release of Simulator Small Business Edition (SBE), a scaled version of its Simulator solution that conditions employee security behavior to identify and deflect phishing attacks through proven, immersive education processes. Unlike many security firms, PhishMe offers an education service that aims to head of ...
Samsung Gear VR active users pass 1 million as Facebook adds 360 pictures to newsfeed, VR
Virtual reality uptake has hit a new milestone with the Facebook, Inc.-owned Oculus announcing Wednesday that the Oculus-powered Samsung Gear VR had 1 million active users in the month of April. The number doesn’t indicate how many of the virtual reality headsets, which require a high-end Samsung smartphone to use, have been sold, but it ...
Apple denies believable report that it is planning to eventually stop selling music in its iTunes store
Apple, Inc. has denied a report that it is planning to stop selling music via its iTunes store at some point in the coming four years. The claim came via sources quoted by Digital Music News, reporting that Apple was considering a number of options for the service, including an “aggressive, two-year termination timetable” for the ...